Daily Archives: January 5, 2016

With $50 million in new funding, the online used car marketplace Shift is hoping to drive off the stereotypes and outrace the stigma associated with buying used cars. In the U.S., buying a used car is a rite of passage that most people go through at least once in their lives. In …

Caucasus Online (LLC Mobitel) is purchased by Beeline. The big deal has been expected at the communication market for several months, after Caucasus Online has made an offer. Active negotiations have been initially held with “MagtiCom” and “SilkNet”. Later, the news was disseminated, that “MagtiCom” was acquiring the asset, which has …

Inflation pace declined in December. However, deflation of 0,6% has been fixed m-o-m, while inflation level has amounted to 4,9% y-o-y, which is the lowest index since July. Price reduction of 3,6% has been fixed in transport groups though the last month, which has been reflected by -0,40 percentage point …

The year of 2015 has been extremely productive year for Georgia, despite of currency devaluation and few issues, several historic changes were made in Georgia. Georgian cuisine, art, sport, successful students, nature, monuments and Christmas decorations have actively been discussed by world’s leading media channels. Caucasus Business week offers you, our …

New York based publishing reviews Rooms Hotel Georgia and titles it as a hotel from VIP guests and Sophisticates Alike. Tbilisi’s first Design Hotel is a dash of 21st-century chic in a city more than 1,400 years old. Centrally situated off the city’s primary thoroughfare, Rustaveli Avenue, the eight-story building was …

The year of 2015 brought many risks to the Georgian insurance industry. The Tbilisi natural disaster reminded the insurance companies, the Authorities and ordinary citizens that the insurance culture in the country is undeveloped and this direction should be somehow stimulated, even at the legislative level. In 2016, the companies …

What has the year of 2015 brought and what the year of 2016 will bring? Amid the current social and economic tendencies in Georgia, a part of the major business sector representatives negatively evaluate the year of 2015, while another part shows content with the current year’s performance. Tsezar Chocheli …

Cigarette brands Marlboro and Parliament will be no longer available on Georgian market. As it was told to BPI by relevant sources, except Marlboro none of Philip Morris cigarettes will be sold at Georgian shops. As it is known Philip Morris distributes different kinds of brands such as Parliament, L&M, Chesterfield …

What is the opinion of Georgian winemakers on the 2015 results? The year was quite problematic, they said. Besides Russian and Ukrainian markets, problems arose in Belarus and Kazakhstan too. The ongoing political and economic developments in these countries have already made negative effect on exports of Georgian products and …

The Georgian Civil Aviation Agency (GCAA) has finished the process of improving shortcomings detected after the 2013 ICAO audit. Currently, Georgia and its aviation segment has twice better indicators compared to the 2007 audit, the agency head Guram Jalaghonia noted and positively appraised the 2015 performance. He outlined several reforms, …